#Build fortheworld

While its IT sector has long been the crown jewel, recent developments paint a vibrant picture of a state rapidly transforming into a manufacturing powerhouse.

Karnataka, the land of sandalwood and software, is weaving a new narrative – one of industrial prowess and manufacturing might. While its IT sector has long been the crown jewel, recent developments paint a vibrant picture of a state rapidly transforming into a manufacturing powerhouse. This surge in investment isn’t mere hype; it’s backed by concrete commitments from global giants and fuelled by a robust ecosystem primed for growth.

The recent World Economic Forum in Davos witnessed Karnataka’s manufacturing sector reaching new heights, attracting investment proposals exceeding INR 23,000 crores. MB Patil, the Minister of Large and Medium Industries and Infrastructure Development for Karnataka, shared the promising outcomes of the summit, highlighting the state’s success in engaging with global industry leaders.

The success of Karnataka’s delegation was evident through more than 50 strategic meetings with industry giants such as Nestle, HP, HCL, Volvo Group, IKEA, Sony, Microsoft, Hitachi, and others. The investment proposals reflect the confidence of these global leaders in Karnataka’s conducive business environment.

Web Werks, a prominent player in data centre solutions, pledged a staggering INR 20,000 crores to establish a massive 100 MW data centre in Bengaluru. This commitment not only signifies a substantial investment but also promises employment opportunities for 1,000 individuals, contributing to the state’s job creation initiatives.

Microsoft, another global leader, expressed its commitment to digital skills development, aligning with the evolving technological landscape. Hitachi, through a signed MoU, focused on promoting economic growth in rural areas, showcasing a holistic approach to development beyond urban centres.